Sotheby’s concludes spring jewels sales on high

Jewellery sales have once again triumphed at Sotheby’s as pre-auction estimates were smashed in Geneva last night at the auction house’s final spring jewellery sale of the year.

The sale raked in a total of CHF60 million (£36.2 million). Top-end pre-auction estimates had put a total value of the sale at CHF51.1 million (£30.8 million).

Stand-out sales in the auction included a 7.64ct cushion-shaped fancy intense blue diamond ring selling for CHF8.9 million (£5.4 million), a 5.02ct fancy vivid blue diamond Toi et Moi ring by Alexandre Reza that sold for CHF7 million (£4.2 million), a 52.82ct D colour flawless type IIA diamond ring that sold for CHF8.8 million (£5.3 million), and a 160ct diamond Rivière that sold for CHF2.3 million (£1.4 million).

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The Sotheby’s Geneva sale was the last in the auction house’s spring jewellery sales and followed successful auctions in New York and Hong Kong. The final sale brought the total of Sotheby’s worldwide jewellery sales this spring to US$147.7 million (£98.8 million).

Sotheby’s international jewellery department Europe & Middle East chairman David Bennett said: “The outstanding results once again demonstrate the vibrancy and depth of the international jewellery market and the enormous appetite throughout the world for jewels and gemstones of the very best quality.

“Our pre-sale viewing in Geneva was among the busiest that we we’ve staged in recent years and the general interest and enthusiasm that we saw in all the worldwide locations where we exhibited highlights from the sale was as extraordinary.”